Brussels, 11/07/2012 (Agence Europe) - On Wednesday 11 July 2012, the European Commission welcomed the new austerity measures announced by Spain, including an increase in VAT and reform of the civil service, as an important step to meeting the 2012 budget targets.
At a press conference, Simon O'Connor, a spokesman for Economic and Monetary Affairs Commissioner Olli Rehn, welcomed the new austerity measures. O'Connor said that the Spanish prime minister, Mariano Rajoy, said his government...